A bill to improve the method of verifying the income of individuals and families receiving assistance pursuant to the United States Housing Act of 1937.

Amends the United States Housing Act of 1937 to require the verification and quarterly review of the income of each family in a federally-assisted lower income housing project. Requires annual reviews of the income of elderly families. (Currently, the incomes of only a random sample of families are verified and only annual income reviews are required.)